Actually the S&L market collapsed due to regulatory bungling, bait-and-switch by the federal govt and a few shady operators. I worked on some of the clean up from that mess and it was ugly.
Bush raised taxes because he was politically boxed in. The purported huge debt was not, as a percentage of GDP, all that big. But irrespective of the REASONS, if your theory is that raising taxes leads to prosperity a la Clinton in '93, you still have to explain Bush I.
SS is now and has been for many years a Ponzi scheme.
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The fact is that the late 80s/early 90s recession was technically worse than the great depression, but somehow the effect was no where near as bad.
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Sorry Will, but that is totally incoherent.